A client of mine submitted a $1 extension payment through the IRS’ website on 16 April 2024. I’ve seen chatter from other pros that extensions filed via professional software in the days following the initial deadline are sometimes accepted by the IRS. What is the best way to verify whether a client’s extension has been accepted?
This is great Tom.
Two questions:
1. For corp/partnership returns with no business activity (i.e. no tax due), can they be filed penalty free even if they’re a few years overdue?
2. If a return is filed on time, but gets rejected, does the IRS provide a few additional days for filing without penalty?
A client of mine submitted a $1 extension payment through the IRS’ website on 16 April 2024. I’ve seen chatter from other pros that extensions filed via professional software in the days following the initial deadline are sometimes accepted by the IRS. What is the best way to verify whether a client’s extension has been accepted?
Tom, Can you write something similar for estimated taxes? And is this the same for corporations?